Almost half a year ago the real estate giant Evergrande started to fall apart under its 300 billion US dollar debts, but the collapse – expected by many – has not yet emerged. Financial analyst Sara Hsu explains in the Commercial Observer why this collapse has not happened.Read More →
After provincial authorities started to limit operations of cryptocurrencies earlier this year, last week a full ban was issued by 10 ministries. Financial analyst Winston Wenyan Ma explains Bloomberg what the central government is doing to cryptocurrencies, the relation with the upcoming digital currency and its possible fallout on a global level.Read More →
Debts hanging over China are far more structural and the possible demise of property giant Evergrande is only a symptom of a much larger problem, says fintech expert Sara Hsu according to the Market Research TelecastRead More →
China is on track to launch its digital e-yuan currency ahead of the Beijing 2022 Winter Olympics, despite major shocks like the possible demise of financial giant Evergrande, says financial expert Winston Ma at The Street.Read More →
China’s authorities have been cracking down on cryptocurrencies, educations, gaming, health care, data, and platforms. Financial analyst Winston Wenyan Ma looks at how foreign investors can navigate through the bloody battlefield for Bloomberg.Read More →
China issued new regulations on mining and trading of cryptocurrencies over the past few weeks. Financial analyst Winston Wenyan Ma explains how this works out, and why China’s crackdown has such a big impact on the industry worldwide, at LCX. China now covers 70% of the global market.Read More →
When cryptocurrencies like bitcoins become too powerful, governments will simply outlaw them, says senior investor Jim Rogers to Kitco. They will not accept competition for their currencies.Read More →
Western media have been speculating about the whereabouts of Alibaba’s founder Jack Ma after he disappeared from the limelight months ago. Ma did get a dressing down from the government after he ushered criticism, says Shanghai-based business analyst Shaun Rein to AP. Ma is laying down, but there is no reason he is in real problems, Rein adds.Read More →
Devaluation of the Renminbi, limiting export or more straining of capital flight are some options China’s government has to deal with its financial dilemma caused by the trade war, but – warns financial expert Victor Shih – all might also cause setbacks, he tells Reuters.Read More →
Financial analyst Sara Hsu, co-author of the 2020 publication “China’s fintech explosion”, discusses how tech companies became the leaders in fintech, leaving the country’s giant banks behind. She addresses an online panel of USC’s US-China Institute and explains how an underserved community offers a fertile basis for the fintech explosion.Read More →
The creation of a digital currency does not mean China can create a reserve currency for the international markets, says financial expert Victor Shih in Quartz. Domestically, it could mean the digital currency could try to catch back the financial room now occupied by commercial players like Alibaba’s Alipay and Tencent’s WeChat, he adds.Read More →
China’s government has been trying to phase out shadow banking as a risky form of lending money. But now the country’s economy is hit by a trade war, COVID-19 and other mischiefs, shadow banking might make a return, says financial analyst Sara Hsu at the East Asia Forum.Read More →